At the beginning we will consider the advantages of using Forex advisers:

Adviser monitors currency quotes 24 hours a day without breaks and with the same care.

Adviser has no emotions, no feelings for the open order, it has no desire to fix the current losses and completely close the trading activity, as there are no more forces to monitor the market. It behaves precisely, according to the designed algorithms.

The most advisers earn stability in the region of 5-10% per month from the deposit amount that represents an average of 60-120% of annual net profit.

In addition to automated trading, it allows you to open warrants in the manual mode; it is very convenient if you have more confidence in a given change in the exchange rate and want to earn some money.

One of the major advantages of the adviser is in the fact that no matter where it was sent the currency movement (up or down), advisor will earn in any case. The main thing is that a recoilless movement of this course would be no more than 900 points in either direction (EURUSD). As soon as the “rollback” happens, advisor earns money and further movement of the exchange rate in the range of 900 points is respectively absolutely safe for your deposit and will bring guaranteed the expected profit.

The most of advisers start trading with small lots, the size of the initial lot is exposed by you, given into the account the size of your deposit. This gives you the confidence that it would not put up much of your deposit or full deposit in any one direction for any one currency pair. Adviser earns on each order’s not a lot, but often enough.

Disadvantages:

It is necessary a constant access to the Internet 24 hours a day, 5 days a week for the work of the adviser. If you have not thoroughly examined the algorithm of an adviser, which you working with, you really will not know what actions an adviser will take on your trading account, which may cause concern.

Trading exclusively by hand, you can double your trading account even for a day – this is a much larger margin, but you can also lose everything.

Manual trading is also a very significant risk and opening an order manually, you take a part of surplus funds in a pledge, which adviser may count upon. Therefore, having the desire to “play by hands” simultaneously, take care of the additional deposit amount you can afford to lose, besides the deposit, which is required for stable operation of the adviser.

Negative: if it is a candle (recoilless movement) of the exchange rate of more than 900 points in any direction (EURUSD), you risk losing part of your deposit, and significant one.

How it is likely a directed recoilless movement of more than 900 points – only you can decide.

Trade with small-sized orders will not bring super profits, no matter what the step of closing is. And you cannot count on the doubling of the trading account for a month.

There are 2 ways you can make money on Forex.

You can learn the basics of trading currencies on Forex with the help of a nice forex book and do the forex trading yourself.

Alternatively, you can hire professional traders to manage your account and they will trade for you. Find out more about forex investment.